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Jan 19, 2013
01/13
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the white house folks is saying that is the economy, stupid. it is percolating again. you say no? >> no. i think joe alluded to it. he touched upon it just now. many economists are talking about the fact that the worry is coming from corporations, both big and small businesses, not hiring, neil. that is because they can't trust this president to be an honest negotiator. so, we, you know the speaker of the house, and the minority leader, mitch mcconnell, gave the president what i call tax blood. he said, okay, we're going to give in. we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothin
the white house folks is saying that is the economy, stupid. it is percolating again. you say no? >> no. i think joe alluded to it. he touched upon it just now. many economists are talking about the fact that the worry is coming from corporations, both big and small businesses, not hiring, neil. that is because they can't trust this president to be an honest negotiator. so, we, you know the speaker of the house, and the minority leader, mitch mcconnell, gave the president what i call tax...
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Jan 19, 2013
01/13
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FBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. neil: apple rotten to the core? that seems a bit extreme for a company that once could do no long wrong. now suddenly seems to do nothing right. the stock tumbled $200 a share from levels reached a few months ago when it seem to be the king all tech school. now a flash in the pan whose best days are behind it? is that fair, or overdone? liz macdonald, adam lashinsky. is apple no longer cool? does it come back to that? >> well it kind of is. i think issue when steve jobs died apple became visably vulnerable and samsung went after its image with a passion and hit. so the end result is this apple is not really being followed by any other vendors anymore. it is not standing alone anymore. the end result it is not as cool as
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. neil: apple rotten to the core? that seems a bit extreme for a company that once could do no long wrong. now suddenly seems to do nothing right. the stock...
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Jan 22, 2013
01/13
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CNBC
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the growth of companies, the goods and services produced are dependent on a healthy economy. so they will come down eventually if we don't get our economic house in order. >> when it comes down to fundamentals and companies, michael, would you say it's a pivotal earnings season now and so far we've been beating on top and bottom line? >> far it's been a pleasant surprise. there's a lot of companies beating in a variety of industries. that's further helped the market up. the big question is probably outlooks and the uncertainty or the certainty but negative issues going forward. so far earnings have been good. as long as earnings are good and growing, then you do have a solid foundation for u.s. stocks. when you look around the rest of the world at some of the issues out there that are negative, the u.s. market looks even better. and if worldwide growth begins to occur again as we may be seeing the beginnings of, that will bode well for u.s. companies that participate globy and potentially propel stock prices forward. cautiously positive here. >> what's your catch phrase? >> a
the growth of companies, the goods and services produced are dependent on a healthy economy. so they will come down eventually if we don't get our economic house in order. >> when it comes down to fundamentals and companies, michael, would you say it's a pivotal earnings season now and so far we've been beating on top and bottom line? >> far it's been a pleasant surprise. there's a lot of companies beating in a variety of industries. that's further helped the market up. the big...
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Jan 17, 2013
01/13
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FOXNEWS
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the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those jobs. what do you think? >> i think overall people are gibbing to see that unions are out to help union worker but very often at the expense of nonunion works and that's where we're getting in trouble. the american public at large is overwhelmingly moving sort of -- public support is moving against unions, gallup found that 42% would like to see unions be less influential. they feel at if there are negotiations going on for union workers but they come at a cost for all workers, creating less opportunity for all workers and for the economy at large. what is the message. you say lab you wins every time. union
the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those...
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Jan 20, 2013
01/13
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KNTV
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do you see any evidence of a better economy? >> you know, that is a really good question because it has affected the salaries a bit, i think. >> the requests people are making for how much money? >> how much they are willing to pay to get a job done. last time i was here i mentioned some of our top taskrabbits are cashing out up to $5,000 a month. looking at the numbers yesterday, we had some taskrabbits cashing up to $10,000 a month. >> are you seeing people who are just using taskrabbit to make their income total? >> we are. we have some folks that had full-time jobs, full-time work that started doing taskrabbit because they were unemployed or underemployed going through this time of recession and decided to remain there and build up their own businesses what got me really excited watching that happen, it's like we are creating these micro entrepreneurs and give them these platforms to build out their own businesses. >> we heard recently about the effect of technology on the pace of the recovery in terms of employment. are you
do you see any evidence of a better economy? >> you know, that is a really good question because it has affected the salaries a bit, i think. >> the requests people are making for how much money? >> how much they are willing to pay to get a job done. last time i was here i mentioned some of our top taskrabbits are cashing out up to $5,000 a month. looking at the numbers yesterday, we had some taskrabbits cashing up to $10,000 a month. >> are you seeing people who are...
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Jan 23, 2013
01/13
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FBC
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it's just not conducive, and we need to create an environment where the economy can thrive and where we get the root of the problem here, and the root of the problem is spending. spending has become a drag on the economy, and spending is becoming a drag on businesses and individuals who want to succeed here in the u.s.. neil: by the way, cowlgd go anywhere we http://s, i say, for instance, lucky not to have him, but the point with this stuff, full disclose sure here, my taxes went up. i was prepared for that. elections have consequences, taxes on the upper income were one of those. i accepted it. i didn't like it, but i accepted it. i would have been better with it if i knew there was a corresponding zeal to cut spending. in other words, for the extra taxes i give and pay, there is a resolve to cut the waste and abuse in government spending, and i don't see that quid pro quo. i feel like i'm doubly srcrewed. it is one thing, you know, to fund this nonsense, you then to get a bill to fund more that is doubly insulting. >> and the american people are just that same mind set. we release
it's just not conducive, and we need to create an environment where the economy can thrive and where we get the root of the problem here, and the root of the problem is spending. spending has become a drag on the economy, and spending is becoming a drag on businesses and individuals who want to succeed here in the u.s.. neil: by the way, cowlgd go anywhere we http://s, i say, for instance, lucky not to have him, but the point with this stuff, full disclose sure here, my taxes went up. i was...
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but damn it progresses want to control carbon economy we do and americans are. we know he in the speech he talked about this is going to be a long and hard road yet and he did his best to disguise how hard that was by not talking gas prices are cylinder american. troops were not agree with everything is a lot of that is that the republican the fence now it's the living room where the slugger is insulin or the company that they took apart the cylinder is the company that the president pumped up with five hundred thirty five million of our money and it's appeared and so on the side of the company the. point is they're talking about us and they're talking about their land and i'm thinking almost babies that that failed program can't actually do what they just just one very quick question do you guys don't believe in climate change or you don't believe that this is going to i'm actually going all the time ok but you don't you don't ok it's what you do when you disagree with the i.p.c.c. i'm curious if you think that all of the republicans in the house and i know all
but damn it progresses want to control carbon economy we do and americans are. we know he in the speech he talked about this is going to be a long and hard road yet and he did his best to disguise how hard that was by not talking gas prices are cylinder american. troops were not agree with everything is a lot of that is that the republican the fence now it's the living room where the slugger is insulin or the company that they took apart the cylinder is the company that the president pumped up...
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Jan 18, 2013
01/13
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but what is interesting about dirk kempthorne, he was known for being conservative with the economy. and economic issues. neil: was is an thoorgmen anotht too he had gone way under budget with his expenses in office and after office, i don't know if this is a case, this is jump change -- chump change in comparison. >> but this is taxpayer dollars. neil: that is what galls me, go after dennis kozlowski if you will on what he spent. that is the crux of his debate. but, this is taxpayer money. >> well, dennis kozlowski paid back everyone in million dollars everyone in million in finds, and -- 97 million in finds. he was convicted and -- >> who would rubber-stamp this. >> general services, which is landing record. of the u.s. government. was nobody looking, they claim there was water damage, but gale norton, kempthorne's predecessor, you know i know a plumber named tommy who can to this, for a lot less. neil: this is why we have a spending problem. this is part of it. >> taxpayers, alliance president said that the country is broke, this is unacceptable. this is up in with military buying
but what is interesting about dirk kempthorne, he was known for being conservative with the economy. and economic issues. neil: was is an thoorgmen anotht too he had gone way under budget with his expenses in office and after office, i don't know if this is a case, this is jump change -- chump change in comparison. >> but this is taxpayer dollars. neil: that is what galls me, go after dennis kozlowski if you will on what he spent. that is the crux of his debate. but, this is taxpayer...
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Jan 15, 2013
01/13
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, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut,
, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top,...
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Jan 16, 2013
01/13
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FBC
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if thing so peach we this economy, -- peachy with this economy, why are neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they started this, they were replacing a pension with a 401(k). and they assumed two things, first money would go in and stay there and second it would be run properly, neither one happened. it has na not been run properly, people have been taking the money out, estimates vary 80% of what sposed to be there. in problem is that people who are most likely to take it out are those at lower income level who will needhe money when they retire more. neil: and they pay penalties and early withdrawel. th only argument for it, is what is worse, i'm borrowing for myself, and paying myself back? >> you can't pay yourself back, you can take it out but you can't put it back in. in a ta
if thing so peach we this economy, -- peachy with this economy, why are neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they started this, they were replacing a pension with a 401(k). and they...
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Jan 18, 2013
01/13
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FOXNEWS
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses living with moderate to semeans living with pain.is it could also mean living with joint damage. humira, adalimumab, can help treat more than just the pain. for many adults, humira is clinically proven to help relieve pain and stop further joint damage. humira can lower your abilitto fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certai
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses living with moderate to semeans living with pain.is it could also mean living with joint damage. humira,...
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Jan 15, 2013
01/13
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CNBC
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to get the economy growing faster. >> would you be one? >> unlike the congress, the fed has done quite a lot and there isn't very much more the fed could do. i would certainly be with chairman bernanke. i was happy when they switched over, which is likely to have a bigger impact on the economy. the other thing i've been urging on the fed but they're not doing it is cut the interest rates by holding idle excess reserves in the hope that some of that will go into the economy. >> we have to leave it there, but thank you very much for your thoughts today. let's bring in don peebles of the peebles corporate. don, great to have you on the set today. >> good to be here. >> how does it play out? >> in the end it's a lot of drama about a profungtsry performance. the government needs to stand behind its credit. that's one of the benefits as a government, we get low rates because our credit is good. it's a shame we're spejd all this time. we spent much more than we take in. and we can't continue do that. we even done what we're going to do on the tax
to get the economy growing faster. >> would you be one? >> unlike the congress, the fed has done quite a lot and there isn't very much more the fed could do. i would certainly be with chairman bernanke. i was happy when they switched over, which is likely to have a bigger impact on the economy. the other thing i've been urging on the fed but they're not doing it is cut the interest rates by holding idle excess reserves in the hope that some of that will go into the economy. >>...
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Jan 22, 2013
01/13
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FOXNEWSW
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the economy is marge neal improving. who knows. >> neil: charlie gasparino, they talk about him everywhere. what's he like -- you want to know why the president didn't mention the debt once yesterday. because he figured he didn't have to. hey, our salads. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. . i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? ♪ >> neil: all right. i'm going to pick somebodyism i'll probably tick everybody off but the blame game has got to stop. got, got, got to stop. president who wants to get republican angry and uses inaugural address to do it and republicans who feign shock, though finger pointing encourages it. just stop. allow me to say the whole tit-for-tat is beyond
the economy is marge neal improving. who knows. >> neil: charlie gasparino, they talk about him everywhere. what's he like -- you want to know why the president didn't mention the debt once yesterday. because he figured he didn't have to. hey, our salads. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a...
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44
Jan 17, 2013
01/13
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FBC
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we're competing in a global economy, and i want to do the best that i can for our citizens. neil: governor, if you get rid of the exemptions and everything else and the sales tax side, you are not rising the sales tax? the rate, itself, stays the same? >> that's right. the rate stays the same. over the years, we've granted more exemptions than we collect in sales taxes, and that's unfortunate. there were reasons we may have done that over the years, but it no longer makes sense. we need a tax code that's simpler, fairer, and modern, and leaders in the state want simplicity and fairness. they are tired of having their wyers and accountants mind the tax code for exemptions rather than the marketplace. they want to be able to compete, and i want to create a better environment for them, nd that helps our citizens. neil: neil, i'm for an efficient tax system, but i recognize we need taxes obviously, and i'm just wondering whether it borders on irresponsible when there's so many republicans, yourself including, bobby in louisiana, and governor bob mcdonald and getting rid of the g
we're competing in a global economy, and i want to do the best that i can for our citizens. neil: governor, if you get rid of the exemptions and everything else and the sales tax side, you are not rising the sales tax? the rate, itself, stays the same? >> that's right. the rate stays the same. over the years, we've granted more exemptions than we collect in sales taxes, and that's unfortunate. there were reasons we may have done that over the years, but it no longer makes sense. we need a...
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Jan 23, 2013
01/13
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WETA
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forecast the global economy to growth 3.5%. at rom its earlier prediction back in october, thanks in part to the recession continuing in europe. oliveer blargchard joins us. are the policies addressing the recession not working or does it just need for time. >> they are working. the adjustment is very tough. i just heard the numbers you gave. the negative numbers -- these countries have very tough adjustments to make. we know they have to become more competitive. they have a large fiscal deficit they have to eliminate. this is tough, and so these countries have neglecnegativegoals this year. the core countries have the same problems, but not to the same extent. nothing great, between 0% and 1%, but one has to make the difference, too. things are working, and working slowly. >> tom: you talk about the peripheral of europe, greece, spain, in particular, and italy. you warn that, quote,"the risks of prolonged stagnation in the euro area as a whole will rise if the momentum for reform is not maintained." so the core still remains a
forecast the global economy to growth 3.5%. at rom its earlier prediction back in october, thanks in part to the recession continuing in europe. oliveer blargchard joins us. are the policies addressing the recession not working or does it just need for time. >> they are working. the adjustment is very tough. i just heard the numbers you gave. the negative numbers -- these countries have very tough adjustments to make. we know they have to become more competitive. they have a large fiscal...
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Jan 22, 2013
01/13
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KICU
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critical earnings.in today's cover story...how the recent dip in american paychecks-- is effecting the economy. the school of sachs. do you have what it takes to cut it in a goldman sachs business class? and... why bulls are rushing the market ... first business starts now.... you're watching first business: financial news, analysis, and today's investment ideas good morning, i'm angela miles. it's january 22nd. in today's first look strap yourself in.. between action this weekout of washington and a heavy week of earnings it's likely to be an active trading week. stocks inched up modestly during the past trading week. nasdaq gained the least-- mostly because shares of apple lost nearly 4%. the senate takes up the assault weapons ban... and johnson and johnson is reportedly negotiatin a $2 billion dollar settlement with patients who received recalled artifical hips philip streible of rjo futures joins us now for a look at the trading week ahead. good morning to you. hope you had a nice weekend off. let's start with this bullish situation. i'm almost starting to feel like there are too many bul
critical earnings.in today's cover story...how the recent dip in american paychecks-- is effecting the economy. the school of sachs. do you have what it takes to cut it in a goldman sachs business class? and... why bulls are rushing the market ... first business starts now.... you're watching first business: financial news, analysis, and today's investment ideas good morning, i'm angela miles. it's january 22nd. in today's first look strap yourself in.. between action this weekout of washington...
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Jan 15, 2013
01/13
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KQED
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. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost trea
. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect...
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Jan 15, 2013
01/13
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KRCB
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a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that much in the rally. >> susie: let's talk about the areas that have been telling your clients, morgan stanley clients which direction to go. you have three big themes for your clients. buy stocks with from american companies with exposure to china, positive on china. buy dividend paying stocks and you like very large stocks, what you call megastocks. why are these the themes for you? >> well, look, for china i think we identified late last fall that the u.s. companies with china exposure had really lagged the broader market and had gotten quite cheap. and the china economy started to stabili
a lot of the conditions in the economy are slow. it spending is to the really that great. so i don't know if the estimates are that achievable. i also think that yeah, better risk/reward in other sectors in the market. we're trying to advise our clients how to outperform the s&p. i think there is better opportuniy. within tech there are some things we like where recommending suck stocks for example. i think that is one economically sensitive area that the stocks haven't participated that...
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193
Jan 18, 2013
01/13
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CNBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. >>> welcome back. a big change of heart on netflix. a top analyst who has been consistently bearish on netflix shares reversing course, now recommending buy it. meanwhile, another analyst looking at netflix this morning going the other way downgrading it to underweig
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and...
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158
Jan 23, 2013
01/13
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FBC
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>> it is about growing economies. the economies growing the fastest is the place where growth is easier and strongest for us. china is a obvious example. i was in shanghai. we opened our 20th hotel in shanghai. liz: 20th? >> 20th hotel in shanghai. liz: 325 rooms in that one. >> 325 rooms in that one. subsahara africa, there are economies growing. liz: where do you see true opportunity? >> i think the same is true. emerging markets certainly provide opportunity. for us i think it is everywhere the truth of the matter is. we're really in an explosive growth phase for the company. liz: even the u.s.? >> even the u.s. we have, very large pipeline of new opportunities. generally in the limited service segment in the u.s. but many, many worry about europe and certainly there are lots of issues with overall economic growth in europe but we have one of the biggest pipelines, we have the biggest pipeline we've ever had in europe. biggest pipeline in the industry. our view there is always a play for particular market, a partic
>> it is about growing economies. the economies growing the fastest is the place where growth is easier and strongest for us. china is a obvious example. i was in shanghai. we opened our 20th hotel in shanghai. liz: 20th? >> 20th hotel in shanghai. liz: 325 rooms in that one. >> 325 rooms in that one. subsahara africa, there are economies growing. liz: where do you see true opportunity? >> i think the same is true. emerging markets certainly provide opportunity. for us i...
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Jan 23, 2013
01/13
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CNBC
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i feel the american, the japanese and american economy. there is going to be hell to pay and it's going to happen soon. >> you're holding your news and buying. >> neil henessey, can we get back to all-time highs for the dow and the s&p. >> oh, michelle, i think easily. if you look at the dow jones right now, the price-to-sales ratio is 1.28. the most it will go up to is 1.5 so that leaves 17% on the upside or if hundred points. more importantly you look at the s&p 500 companies, they are sitting on 1.5 trillion in cash, 1.5 trillion -- >> hold on. you think 2,300 points in the dow? what are you talking about? >> very much so. >> i mean. you're talking about the high in 2007, michelle, was when the price-to-sales ratio of the dow jones was at 1.8. we're 40% away from that number, but, i mean, the companies are in great shape. there's so much cash sitting on the sidelines, and at some point in time the investors are going to get out of fix the income and move over towards equity. >> can i ask you a question and i'm very much concerned about
i feel the american, the japanese and american economy. there is going to be hell to pay and it's going to happen soon. >> you're holding your news and buying. >> neil henessey, can we get back to all-time highs for the dow and the s&p. >> oh, michelle, i think easily. if you look at the dow jones right now, the price-to-sales ratio is 1.28. the most it will go up to is 1.5 so that leaves 17% on the upside or if hundred points. more importantly you look at the s&p 500...
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Jan 21, 2013
01/13
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FOXNEWS
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the economy is sluggish. international challenges put a damper on many things. the president has a lot of work to do and a lot of battles ahead with republicans. they expect it could be significantly smaller. instead of 1.8 four years ago. they lowered the crowd estimates. originally 600 to 800,000. yesterday we were infirmed organizers think maybe closer to 500 to 700. only perhaps a quarter of the size of four years ago. of those here no less enthusiasm. bill, martha. bill: history will show you the beginning of second term, sometimes you get 250, 300,000 at the high end. carl, we'll talk to you later this morning. carl cameron on the mall. martha? martha: people who are here are very enthusiastic and excited to be part of this big day. no doubt that means very tight security here in washington as well. there will be extra air and boat patrols around the city along with checkpoints and metal detectors along the parade route. 2000 police officers from 0 states are helping with security. lined up motorcycles behind us on the parade route. more than 6,000 members
the economy is sluggish. international challenges put a damper on many things. the president has a lot of work to do and a lot of battles ahead with republicans. they expect it could be significantly smaller. instead of 1.8 four years ago. they lowered the crowd estimates. originally 600 to 800,000. yesterday we were infirmed organizers think maybe closer to 500 to 700. only perhaps a quarter of the size of four years ago. of those here no less enthusiasm. bill, martha. bill: history will show...
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Jan 17, 2013
01/13
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CNBC
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you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing in japan and the japanese stock market starting to reflect that, you're -- you know, you have the japanese government trying to really reboot that economy. you're seeing the chinese government and the new leadership trying to reboot their economy, so, if any, you're going to see probably an accelerated economy n.parts of the world i still think we'll have structural problems in europe and all the uncertainty about the united states so i don't believe it's going to be as bad as it sounds. the u.s. certainly may, but i actually think what's going
you've got a slowdown in the global economy. do you still think we're going to see money moving into equities despite some of these challenges knowing that that's exactly what we saw at year end anyway? do you think that it continues? >> well, there's no question. unfortunately, there's continued uncertainty around washington and the actions of washington. i don't believe that we're going to see a continued slowdown in the global economy though. you know, the movement, what you're seeing...
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Jan 16, 2013
01/13
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KICU
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economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the first time in 11 months. apple is reportedly cutting its orders for iphone parts suggest sales are lacking. for the day apple dpe cliend about $15, more than 3%. >>> facebook took a page out of apple's play book today by inviting the media to a big announce. but as robert honda reports, the new product didn't quite live up to all the hype. >> news agencies from around the world came to facebook's mystery announcement today. founder and ceo mark suker burg unveiled graph search, an advanced search capability that will ultimately allow users to search the data base through their own friends'
economy. the retail giant plans to hire more than 100,000 veterans over five years. wal-mart also says it'll buy $50 billion worth of american-made goods over ten years and help part-time workers who want more hours move to full time. >>> on wall streeshths stocks finished the day mixed. strong retail numbers boosd the dow, which rose by 27. nasdaq, though, lost six point way,ed down in large part by apple. the day was a dubous one for apple which closed below $500 a share for the...
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Jan 17, 2013
01/13
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CNBC
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economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics, you look at the consumer confidence numbers which are beginning to roll a little bit, there is a danger that could take place and a lot will depend on the resolution. look at the vix and these low levels on this downward sloping trend line the pattern is very similar to april of 2011. i'm sure you all remember that the stock market held up a little bit longer and turned in may and then between may and august it dropped 22%. what was the biggest factor? the debt ceiling negotiations. >> tom the market really rolled over in the spring of 2011 because trichet
economy barely grew 1% in the fourth quarter. we have a situation where it could be sluggish in the first quarter. we're up five points on the s&p since december since we had qe3 and the fed indicating they would target unemployment. to us it feels like we're in the stratosphere. >> the market down 20%. isn't that recession you're talking about? >> you got to think there's a danger. doesn't have to be a recession. you have to think there's a danger. if you look at the dynamics,...
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Jan 21, 2013
01/13
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FBC
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economy which means a lot to u.s. companies, but at the same time, the peso, if there is more pressure on that currency, what does that mean for us, do you think? >> so the peso has been pretty interesting because their central bank last week did a little bit of a 180 because they were expecting that they were going to be raising interest rates sometime here in 2013. and they kind of just pulled the rug out underneath it saying, you know, there's the potential that we might actually start to, you know, maybe reduce interest rates. [talking over each other] >> it was definitely something that caught participants by surprise, testing some previous 2012 lows there in terms of dollar mexico. it will be interesting to see if that trend continues. but mexico i think is a currency that we still want to be going into going forward. cheryl: one of the things we look on a daily basis during the market hours is what the euro is doing versus the dollar. always surprised me that the euro never went below like a $1.22 or so against
economy which means a lot to u.s. companies, but at the same time, the peso, if there is more pressure on that currency, what does that mean for us, do you think? >> so the peso has been pretty interesting because their central bank last week did a little bit of a 180 because they were expecting that they were going to be raising interest rates sometime here in 2013. and they kind of just pulled the rug out underneath it saying, you know, there's the potential that we might actually start...
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Jan 15, 2013
01/13
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CNBC
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debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it there. as we move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it shou
debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix...
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Jan 23, 2013
01/13
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CNBC
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economy than any others. very bullish on asia and the emerging markets. >> i'll end on ubs. can you categorically say that the cuts are over? >> in terms of jobs. >> yes. >> we have a very clear and bold strategy that we've decided. we've announced around 10,000 job cuts over the next three years. sergio armatti and i have fully discussed that strategy. the focus is on discipline and exaccuse of that strategy. the pickium of our stock price is in perfect execution and that's what we're focusing on now, executing the strategy that we have. we want to make it clear to those who work in the bank and have a future in the bake that the business lines they are in will be the future of ubs, made that clear and that's what we now focus on. really doing a transformational change at ubs and de-risking the bank and making it less complex and making it client focused. we all talk about clients. we're doing it. >> dr. axel weber, good to have you on the program. thank you so much for joining us. bill, i'll send it back for you. >> maria, thank you very much. they were wearing overcoats.
economy than any others. very bullish on asia and the emerging markets. >> i'll end on ubs. can you categorically say that the cuts are over? >> in terms of jobs. >> yes. >> we have a very clear and bold strategy that we've decided. we've announced around 10,000 job cuts over the next three years. sergio armatti and i have fully discussed that strategy. the focus is on discipline and exaccuse of that strategy. the pickium of our stock price is in perfect execution and...
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Jan 15, 2013
01/13
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FBC
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you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at, again, south africa, right now, the mining situation is getting worse and worse, and -- liz: labor issues? >> the strikes, strikes, labor issues, and a threat that some of the major companies are shutting down the mines until they resolve this. we'll have a shortage in these areas, and, also, seeing platinum taking a bit of a piggy back ride up. it's at the 1680s mirroring where gold is now. silver is joining along for the ride. we're seeing a lot happening with the precious metals. liz: platinum is higher than gold for the first time in ten months. do you care? is that significant? it's 1682 against 1680, t
you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at,...
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Jan 18, 2013
01/13
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CNBC
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don't forget how large that economy is relative to the world economies so i think the market has nothing but not green shoots but blossoming flowers. go buy it. >> so why then, doc, are you still more cautious than the other guys? >> partly because, judge, i like owning options instead of owning equities. i just do. the only times i like owning equities are like for instance when joe and i fight about stocks with nice yield. i mean whether it's a verizon or whether it is intel, if i'm talking about a 4% dividend yielder that i can get in there and write options against it as well and take it to double digits on the return i like that. but i don't like buying apple. i don't like buying a lot of the stocks that don't have the yield, judge, that are attractive to me. instead, i trade the options. >> speaking of verizon i'm glad you mentioned it. next week is a bonanza earnings week. there are so many important companies reporting next week that that is going to decide where this market goes. don't you think? >> yes. the expectations in terms of what the potential growth for eps and the pote
don't forget how large that economy is relative to the world economies so i think the market has nothing but not green shoots but blossoming flowers. go buy it. >> so why then, doc, are you still more cautious than the other guys? >> partly because, judge, i like owning options instead of owning equities. i just do. the only times i like owning equities are like for instance when joe and i fight about stocks with nice yield. i mean whether it's a verizon or whether it is intel, if...
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Jan 16, 2013
01/13
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CNBC
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what do you think that tells us on where we are in the economy? >> look at numbers of the last week or two, retail production numbers for december, and they were actually pretty good. of course, the employment numbers we already know were soiled, and this is in a period where the uncertainty over the fiscal cliff was reaching a maximum. you know, maria, you think that's pretty encouraging that the economy has managed to cope with a high level of uncertainty. now the thing that kind of bothers me though is i'm a little bit worried that this coping is flipping over to complacency. the vix is now at a six-year low, and it tells me that the market is discounting 100% probability that we get through the debt ceiling without any trouble. that seems too high to me. >> so do you think the market is expecting that? i mean, when would you expect a big change in terms of the interest rate scenario? >> in terms of the interest rate scenario, probably nothing this year. i mean, we're at least a couple years away from a higher move -- a move higher in interest
what do you think that tells us on where we are in the economy? >> look at numbers of the last week or two, retail production numbers for december, and they were actually pretty good. of course, the employment numbers we already know were soiled, and this is in a period where the uncertainty over the fiscal cliff was reaching a maximum. you know, maria, you think that's pretty encouraging that the economy has managed to cope with a high level of uncertainty. now the thing that kind of...
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Jan 18, 2013
01/13
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CNBC
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can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue wheth
can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial...
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Jan 18, 2013
01/13
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FBC
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so there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no? >> it wasn't because that was a kind of protest vote knowing very full well that this was going to pass. are we seriously going to not let president bush pay for the debts that had been incurred? i absolutely would have voted in favor of raising the debt ceiling. david: final question about spending because i'm getting a wrap here. >> sure. david: we had in 2008 we had spending level of about 3 trillion dollars. in 2009 that ballooned up about 20% to about 3 1/2 trillion dollars. now, a lot of that was because of the stimulus program, which was part bush and part president obama. but then we remained a
so there are ways that we can do it, but to say that we're not -- we're going to jeopardize the economy of the united states and frankly even the world by not paying the bills that have already been incurred is absolutely -- [talking over to each other] david: you were willing to bring us to that brink in 02, 04, and 06. >> no i wasn't. david: you voted in favor of keeping the debt limit ceiling right where it was, that was the same kind of danger in going over into that default mode, no?...
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Jan 21, 2013
01/13
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FBC
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if the economy is improving, the president will take a measure of credit for that. he has shown some willingness, at least, in some areas to compromise. the problem is much of the same themes you are still hearing from both parties. no one will give up their principles going into this. they can continue pushing from their side. they will not give up their principles. you are hearing the same from the white house. this speech almost seems like a response to the words spoken years ago with ronald reagan. in this speech, it was very much a defensive government. when we are together, we act effectively. we need the government to act effectively and take us out of the problems that we have been having. neil: thank you very much. one of the consequential acts of a new president, this president will be, among others, cementing his request to ask at least two senators to join his cabinet. john kerry, secretary of state and, of course, the former senator chuck hagel to make his way over to the defense. what can we expect in the next 100 days of this second term? much is made
if the economy is improving, the president will take a measure of credit for that. he has shown some willingness, at least, in some areas to compromise. the problem is much of the same themes you are still hearing from both parties. no one will give up their principles going into this. they can continue pushing from their side. they will not give up their principles. you are hearing the same from the white house. this speech almost seems like a response to the words spoken years ago with ronald...
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Jan 16, 2013
01/13
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KRCB
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on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
on because financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you...